We break down the state of the Meme economy and make comparisons to what we saw in the 2021 bull cycle. Memes on Solana have strong parallels to the NFT market on Ethereum from last cycle, especially when you compare revenue figures of the top marketplaces like pump.fun to Opensea. We give our thoughts on where we are on the timeline of meme mania and speak about the impacts memes are having on the broader crypto market. This includes methods of launching new projects by leveraging memes as a more user friendly go to market vehicle to onboard community and then adding complexity layers down the road to not off-put sentiment.
Also, when it comes to marketing narratives memes seem to be dominating the mind share so we discuss how we are approaching $NAT from a marketing perspective. Now that $NAT is weeks away from officially becoming Bitcoin’s second subsidy reward coin, how we classify this new coin is important for public perception. Some do not see $NAT as a candidate to fit within the existing market demographic of memes and rather see a new narrative formed around the coin that distinguishes it from the meme asset class due to its technical provenance to DMT and the broader mission of supplying Bitcoin miners with additional subsidy to sustain network security. We discuss our thoughts on this and also the liquidity dilemma when it comes to supporting Bitcoin assets. All sectors of the Bitcoin ecosystem are facing this problem and are actively working toward building solutions that can either bring more liquidity to Bitcoin from other chains or port Bitcoin native assets to other chains like Solana to benefit from those capital markets.
William and Iman bring you the CMO of Decentraland, Federico Molina, to discuss the latest updates from the launch to the future of the metaverse. Now that Decentraland has officially launched, anyone can create an avatar and jump into the world to explore. Fede gives us his take on the launch, what the builder could provide to the larger community, and how developers will play a large role in populating the metaverse with more unique creations. During our conversation, we introduce MetaZone.io and how we're helping cultivate a development community by bringing a service that allows them to monetize their creations in a few clicks. We also discuss a no-loss sponsorship where MANA is used in Compound.finance to fund our daily and monthly tournaments. The sponsor can access the principal at any time and only the interest is used to fund all our games. We also request additional clarity around the roadmap and Fede's thoughts on the focus of the team.
Sebastien Borget is the cofounder and COO of the Sandbox and his colleague Nathan from the marketing team join us to discuss the upcoming user generated blockchain world. We go into details as to how sandbox is accomplishing their goals of bringing blockchain to mainstream gamers by allowing them to generate their own assets and deploy them to the world. Through Voxel art, users can contribute their creations into the world and sell them as NFTs. Users can decide how many of each creation can exist in the world and anyone can buy them and deploy them to their land to make a game around it. We even get down to the details of how people can stake their digital currency called Sand to enable new functionality that wasn't possible before. Afterwards we debrief on the conversation and discuss how you can get involved and what we could bring to the table into this new metaverse.
The MetaZone team adds Lastraum as our smart contract developer. Pretty soon all players, landowners and creators will be able to go to their MetaZone account and receive a payout with a click of a button. We want to build a trust-less environment where we can collaborate and grow MetaZone together without having to trust anyone on payments. In the course of 7 days post launch of Decentraland, we were able to receive over 150,000 in Mana from landowners and players for our games. We are discovering something we anticipated existed, the ability to deploy custom content for landowners to earn passive income is a growing need. We're happy that we collected like-minded people to join us in making this happen.
Welcome back to episode 52 of The Block Runner Podcast. Here is where we discuss the latest developments in cryptocurrency while we make this new technology relatable to you. You can watch this podcast on our YouTube channel to follow along with our discussion. As always, I am your host William talking with your cohost Iman and today we discuss our experiences and the performance of MetaZone 5 days after Decentraland. We discuss revenue and how you can earn Mana from your land. Alright lets listen in.
After spending the whole night before the Decentraland launch getting things ready for ourselves, MetaZone.io, and our landowners who have deployed our games to accept payments. We learned many things about how Decentraland can survive and be a viable metaverse. Listen in on how much revenue we generated just 12 hours after the launch and how we plan to grow our network of hosts.